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Battery Recycling Market Report 2023 - Growth Analysis, Trends And Industry Size Forecast To 2032 | Li-Cycle, Battery Solutions, LLC, Exide Technologies, Umicore
Battery Recycling Market
Battery Recycling Market Size, Growth Rate, And Forecast
The global battery recycling market size grew from $15.45 billion in 2022 to $17.6 billion in 2023 at a compound annual growth rate (CAGR) of 13.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The battery recycling market size is expected to grow to $29.61 billion in 2027 at a CAGR of 13.9%.
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Battery Recycling Market Drivers
The increasing adoption of electric vehicles is expected to drive the growth of the battery recycling market in the forecast period. Electric vehicles (EV) are automobiles which are completely or partially powered by electricity. Disposing an electric vehicle battery is expensive, particularly if the waste contains valuable materials.
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Battery Recycling Market Segments
1. By Type: Lead-Acid Battery, Nickel-Based Battery, Lithium-Based Battery, Other Battery Types.
2. By Processing State: Extraction Of Material, Reuse, Repackaging And Second Life, Disposal.
3. By Application: Automotive, Consumer Electronics, Industrial, Other Applications.
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Battery Recycling market.
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Battery Recycling Market Key Players
Major competitors in the battery recycling market include Li-Cycle, Battery Solutions, LLC, Exide Technologies, Umicore, Aqua Metals, Inc., Gravita India Limited.
The Business Research Company's "Global Battery Recycling Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Battery Recycling Market Include:
1. Executive Summary
2. Battery Recycling Market Characteristics
3. Battery Recycling Market Trends And Strategies
4. Battery Recycling Market - Macro Economic Scenario
5. Battery Recycling Market Size And Growth
……
26. Africa Battery Recycling Market
27. Battery Recycling Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Battery Recycling Market
29. Battery Recycling Market Future Outlook and Potential Analysis
30. Appendix
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